2 [(1) The transmission licensee shall file an application for approval of transmission tariff for each year of the control period consistent with the approved business plan, not less than 120 days before the commencement of the first year of the control period or such other date as may be directed by the Commission.]
(2) The transmission tariff shall be determined for each year of the control period at the beginning of the control period. The licensee shall propose capacity based wheeling 1 Subs. for “on the on the”, vide Not. no. HPERC/F(5)(3)(1)(Trans) dated 1st November,2013 published in the R H.P. dated 4th November, 2013 at p. 4608 to 4616.
2 Subs. vide Not. no. HPERC/F(5)(3)(1)(Trans) dated 1st November,2013 published in the R H.P. dated 4th November, 2013 at p. 4608 to 4616 prior to its substitution it stood as under:
“(1) The transmission licensee shall file an application for approval of transmission tariff for each year of the control period, not less than 120 days before the commencement of the first year of the control period or such other date as may be directed by the Commission.” 28 Compendium of HPERC Regulations, March 2021 tariff. The licensee shall also indicate the transmission losses voltage-wise to provide for adjustment of losses in the system.
(3) The filings for transmission tariff shall contain the following: -
(a) the transmission system or network usage forecast for each year of the control period, consistent with the business plan;
(b) proposals for transmission tariff design for each year of the control period, including the losses to be charged and the procedure thereof;
(c) proposal for transmission tariff rate for the each year of the control period supported by adequate justification;
(d) proposal for reactive energy charges; and
(e) expected revenue from the licensed business, non-tariff income and income from other business and other matters considered appropriate by the transmission licensee.
(4) The licensee shall furnish to the Commission, such additional information, particulars and documents as the Commission may require from time to time after such filing of revenue calculations and tariff proposals.
(5) The licensee shall publish, for the information of the public, the contents of the application in an abridged form in such manner as the Commission may direct and shall host the complete copy of the filing on its website and shall also provide copies of the documents filed with the Commission to any person at a price not exceeding normal photocopying charges.
1 [39. Mid-term Performance Review and Review at the End of the Control Period .-
(1) Mid-term performance review- The transmission licensee shall make an application for mid-term Performance Review within 120 days before the commencement of the fourth year of the Control Period i.e. FY 2017-18:- The scope of the mid-term Performance Review shall be a comparison of the actual performance with the approved forecast of Aggregate Revenue Requirement and expected revenue from tariff and charges The transmission licensee shall submit to the Commission all information together with audited account statements, extracts of books of account and such other details as the Commission may require to assess the reasons for and extent of any variation in performance from the approved forecast. The mid-term review shall comprise of the following:
1 Subs. vide Not. no. HPERC/F(5)(3)(1)(Trans) dated 1st November,2013 published in the R H.P. dated 4th November, 2013 at p. 4608 to 4616. Before its substitution read as under:
“39. Review at the end of the Control Period
(1) Towards the end of the control period, the Commission shall review if the implementation of the principles laid down in these regulations has achieved their intended objectives. While doing this, the Commission shall take into account, among other things, the industry structure, sector requirements, consumer and other stakeholder expectations and the licensee’s requirements at that point in time. Depending on the requirements of the sector to meet the objects of the Act, the Commission may revise the principles for the next control period.
(2) The end of the control period shall be the beginning of the next control period and the licensee shall follow the same procedure, unless required otherwise by the Commission. The Commission shall analyse the performance of the licensee with respect to the targets set out at the beginning of the control period and based on the actual performance, expected efficiency improvements and other factors prevalent, determine the initial values for the next control period.” Compendium of HPERC Regulations, March 2021 29
(i) True-up of previous Control Period
(ii) A comparison of the actual/ audited performance with the approved forecast for first two financial years of the Control Period, subject to the prudence check including pass-through of impact of uncontrollable factors;
(iii) Review of controllable parameters
(iv) Review of ARR for the balance of the control period in case of any major change in uncontrollable and/ or controllable parameters
(v) Review of transmission charges on account of modification in ARR for the balance control period.
(2) Review at the end of control period - The transmission licensee shall also make an application for Comprehensive Review after the end of the third Control Period on availability of audited accounts for each year of the control period. The comprehensive review shall be based as per the principles laid down under these Regulations for various parameters of ARR:
Provided that the transmission licensee shall submit to the Commission information in such format as may be stipulated by the Commission, together with the audited account statements, extracts of books of account and such other details as the Commission may require to assess the reasons for and extent of any variation in financial performance from the approved forecast of Aggregate Revenue Requirement and expected revenue from tariff and charges.
(3) Towards the end of the control period, the Commission shall review if the implementation of the principles laid down in these regulations has achieved their intended objectives. While doing this, the Commission shall take into account, among other things, the industry structure, sector requirements, consumer and other stakeholder expectations and the licensee’s requirements at that point in time. Depending on the requirements of the sector to meet the objects of the Act, the Commission may revise the principles for the next control period.
(4) The end of the control period shall be the beginning of the next control period and the licensee shall follow the same procedure, unless required otherwise by the Commission. The Commission shall analyze the performance of the licensee with respect to the targets set out at the beginning of the control period and based on the actual performance, expected efficiency improvements and other factors prevalent, determine the initial values for the next control period.]